Mexico agrees deals with US firms for more than 1.8GW of solar and wind

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
LONGi modules being installed at a PV plant in Mexico. Image: LONGi Solar.

Mexico has secured commitments from 17 US companies that will result in the development of 1,854MW of solar and wind, according to the office of President Andrés Manuel López Obrador.

As a result of these agreements, the development of solar projects near the US border is being explored as well as transmission networks that could allow electricity to be exported to California and other US states.

Speaking at the Major Economies Forum on Energy and Climate, a virtual event hosted by US President Joe Biden, López Obrador said Mexico is committed to achieving its 35% clean energy generation goal by 2024.

He also revealed that construction is set to begin on the first stage of a 1GW PV plant in Puerto Peñasco, in the northwestern Mexican state of Sonora.

A report published earlier this year by the US Department of Energy’s National Renewable Energy Laboratory (NREL) concluded that Mexico “is ideally poised to become a clean energy powerhouse”.

According to the research, rapid growth in renewables deployment could enable the country to achieve its 35% clean energy generation goal by 2024, generate high levels of investment, increase energy access, reduce costs to consumers and improve the reliability and resilience of its power system.

NREL director Martin Keller said at the time that realising Mexico’s renewables potential “will require energy policies that facilitate private investment and support our joint efforts on clean energy, climate and supply chains”.

PV Tech Premium has explored the impact of López Obrador’s leadership on Mexico’s solar sector.

Read Next

PV Tech Premium
June 30, 2022
US authorities’ move to require documentation showing the source of quartzite in solar module imports should come as no surprise, experts have said, amid suggestions most companies will be able to overcome the latest hurdle that threatens to delay shipments.
June 30, 2022
The Australian Energy Market Operator (AEMO) has revealed its 2022 Integrated System Plan (ISP), laying out a 30-year roadmap that plots the transition to net-zero and identifies upcoming investments in the National Electricity Market (NEM), which covers the populous south and east of the country.
June 29, 2022
The US solar industry is facing fresh module shipment delays after new import documentation was demanded by Customs and Border Protection (CBP).
June 28, 2022
A proposed law in Spain aimed at clawing back revenues from emissions-free power plants would create risks for renewables investors and favour fossil fuel-fired generation, according to trade groups that have urged the European Union (EU) to intervene.
PV Tech Premium
June 22, 2022
Australia’s solar sector is poised to accelerate deployment as the country’s new government vows to unlock renewables investment, upgrade the grid and bring federal policy more in line with states and territories.
PV Tech Premium
June 17, 2022
Grenergy’s CEO talks to PV Tech about the developer’s ambitions for European solar and vision for co-located solar-storage future.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 4, 2022
New York, USA
Solar Media Events
October 11, 2022
Virtual event